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3 Soaring Stocks I’d Buy Now With No Hesitation

  • Coca-Cola has a well-established business that can manage under pressure, and it’s a Dividend King.

  • Dutch Bros has incredible long-term expansion opportunities.

  • MercadoLibre has massive potential as it disrupts traditional commerce and financial services in Latin America.

  • 10 stocks we like better than Coca-Cola ›

The market is swinging back into the positive after plummeting earlier this year, but it looks like a tentative rise. Investors want to be confident, but there’s plenty of economic uncertainty right now, and the S&P 500 is reflecting that, up only 3%.

But there are many companies displaying extraordinary resilience under pressure, and their stock prices are reflecting that, too. Coca-Cola (NYSE: KO), Dutch Bros (NYSE: BROS), and MercadoLibre (NASDAQ: MELI) are all soaring this year, and I think they are still all stocks to buy without hesitation.

Image source: Getty Images.

Coca-Cola stock is up 14% this year, beating the market with its safety, value, and dividend. Investors know that when there’s economic volatility, Coca-Cola is likely to stay the course and remain stable. It has an excellent business selling beverages that its customers love, and because they’re not luxury products, they will continue to buy under pressure. It has strong pricing power and has been able to increase prices to offset a rise in costs. It’s also taking many other actions to generate engagement and increase sales.

Its market-leading business and global brand name are features that are prized by investing legend Warren Buffett, and Coca-Cola is his longest-held stock. The current circumstances give investors a deeper understanding of why Buffett loves it so much. It’s also getting an extra boost because it’s well protected against the negative impact of tariffs since most of its production is local.

Coca-Cola is a Dividend King, and it has increased its dividend for the past 63 years straight. It’s as reliable as dividend stocks come, and there are few stocks that have a better track record. It also has an attractive yield, which is 2.9% at the current price.

Coca-Cola stock isn’t a perpetual market beater, but it’s an excellent choice for a value stock that pays reliable passive income, and if you’re looking to fill that slot in your portfolio, Coca-Cola is a great candidate.

Dutch Bros is a relatively young coffee shop chain that’s in high-growth mode. It recently surpassed 1,000 stores, about double from its initial public offering (IPO) four years ago, and it’s planning to double again by 2020. Longer-term, it sees the opportunity to open 7,000 stores across the country. It recently raised that outlook from 4,000, and as it expands successfully, it could raise that again.

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